Latest News for: central bank

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Hungary’s Central Bank Calls For Ban on Bitcoin Mining and Trading

CoinGape 12 Feb 2022
The latest in a growing number of central monetary entities which seek to ban cryptocurrencies is the Central Bank of Hungary.� ... The Governor of the Hungarian Central Bank urged a complete ban on all forms of trading in cryptocurrencies ... So now, the Russian Central Bank is regulating instead of banning cryptocurrencies.
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US central bank conducts ‘hypothetical recession’ drill

Russia Today 12 Feb 2022
The US central bank announced the parameters of the tests on Thursday, revealing that the 34 banks being tested must endure a “hypothetical recession” that focuses stress on commercial real estate and corporate debt markets.
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Banking licence of NCO ERP (LLC) revoked (Central Bank of the Russian Federation)

Public Technologies 12 Feb 2022
2 The Bank of Russia made this decision due to the credit institution's failure to comply with federal banking laws and Bank of Russia regulations, and given the repeated application within a year of the measures envisaged by the Federal Law 'On the Central Bank of the Russian Federation (Bank of Russia)'.
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BSP: Passage of Agri-Agra Bill to Enhance Rural Credit Access (Central Bank of the Philippines)

Public Technologies 12 Feb 2022
Central Bank of the Philippines published this content on 11 February 2022 and is solely responsible for the information contained therein ...
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Trade unions call on Swiss central bank to bail out pensions

MENA FN 12 Feb 2022
(MENAFN - Swissinfo) Trade unionists believe their plan would play the right cards for the ailing Swiss pension system. – Keystone / Gaetan Bally The Swiss Trade Union Federation is gathering ... .
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Banking licence of JSC Bank CCB revoked (Central Bank of the Russian Federation)

Public Technologies 12 Feb 2022
... application within one year of measures envisaged by the Federal Law 'On the Central Bank of the Russian Federation (Bank of Russia)' ... Central Bank of the Russian Federation published this content on 11 February 2022 and is solely responsible for the information contained therein.
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Kenya Explores CBDC by Starting a Public Discussion

CryptoPotato 12 Feb 2022
The Central Bank of Kenya (CBK) said a potential CBDC could positively impact the local financial system ... According to the CBK, launching a central bank digital currency could flatten the multi-layered correspondent banking structure and enhance cross-border payments ... — Central Bank of Kenya (@CBKKenya) February 10, 2022.
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Bank of Zambia Expects to Complete CBDC Study in Q4

Bitcoin 12 Feb 2022
The Zambian central bank has said it expects to complete a research study that explores the benefits of launching a central bank digital currency (CBDC) in Q4 of 2022 ... currency in Zambia,” explained Nkatya Kabwe, the central bank’s acting director of communications.
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Calculated risk on inflation: Given recovery needs to be sustainable & broad-based, RBI justified in ...

Financial Express 12 Feb 2022
Indeed, the central bank’s growth forecast for 2022-23 of 7.8% in 2022-23, is underwhelming even after accounting for base effects. It is reassuring to see the central bank in command of the situation and sending out a clear message that it is prepared to be accommodative as long as needed.
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Liquidity window for emergency health services extended till June 30

Financial Express 12 Feb 2022
The central bank had introduced the liquidity window at the repo rate with tenors of up to three years on May 5 last year to provide immediate capital for ramping up Covid-19 related healthcare infrastructure and services ... In view of the response to the scheme, it is now proposed to extend this window up to June 30, 2022,” the central bank said.
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Crypto assets not even worth a ‘tulip’: RBI governor Shaktikanta Das warns investors against cryptocurrencies

Financial Express 12 Feb 2022
While Das has said on several occasions that the central bank has reservations about cryptocurrencies that it has conveyed to the government, this is the first time he has chosen to directly warn investors ... At the same time, work on the RBI’s digital rupee project is on and the central bank wants to take its time to launch it, Das said.
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Peru economy likely to have exceeded pre-pandemic levels -cenbank

Reuters 12 Feb 2022
LIMA, Feb 11 (Reuters) - Peru's economy is expected to have stayed above pre-pandemic levels in December and January, due to the recovery of internal demand and a record in exports, despite lower mining output after recurring social conflicts, the central bank said Friday.
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Biden Seeks to Seize Afghanistan’s Assets

Human Rights Watch 12 Feb 2022
Easing the country’s economic crisis will ultimately require allowing Afghanistan’s Central Bank to conduct transactions in US dollars using the international banking system ... To address concerns that providing the Afghan Central Bank with assets could enrich the Taliban, the World ...

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